Sign-up The bank will still have the same number of shares, but about $150 million of equity thanks to the secondary offering's $60 million in proceeds less expenses. Hedge Funds ... Year-to-date mutual fund returns are calculated on a … Their last reported 13F filing for Q2 2020 included $94,323,000 in managed 13F securities Stilwell Holding LLC is a private investment and advisory firm and family office located in New York. View Last Form Adv Compilation Report on Record. Alt Turnover is calculated by taking either the total MV of new purchases or Stilwell Value is based out of New York. Let's check out what his latest 13F shows: MHCs The big news in Stilwell's latest 13F is that he's accumulating shares in several "mutual holding companies," or MHCs. I own all three, and I think they have tremendous long-term upside for investors who are willing wait for a second step offering. email address below and choose 'Submit'. Powered and implemented by FactSet Digital Solutions Group. WHLR / Wheeler Real Estate Investment Trust, Inc. / STILWELL JOSEPH - SC 13D/A Activist Investment.…, Track 13F-HR Filings for Hedge Funds and Value Investors. The SEC is investigating Stilwell for potential securities fraud in connection with loans made between various hedge funds he controls. Email Real Money's Wall Street Pros for further analysis and insight, © 1996-2020 TheStreet, Inc., FactSet calculates the Market Cap for the basic symbol to include common shares only. Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Quotes delayed at least 20 minutes for all exchanges. Earnings and ratings provided by Zacks. Click the "+Follow" next to my byline to this article. Stilwell Value is a hedge fund with 5 clients and discretionary assets under management (AUM) of $230,596,231 (Form ADV from 2020-03-25). In fact, I've made lots of money over my career by cherry-picking stock ideas from bank activists' 13F filings, and Stilwell is one of my favorite such investors to follow. All rights reserved. The shares are therefore worth $10 each. Stilwell Value's largest holding is OFG Bancorp with shares held of 1,739,798. Puerto Rican Banks Stilwell was also a big buyer of Puerto Rican banks during the latest quarter, adding to his stake in First Bancorp (FBP) and launching a new position in OFG Bancorp  (OFG) . for Stilwell Value LLC, Top 20 equal-weighted holdings. 2019-10-25 - 2 - UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. Past performance is a poor indicator of future performance. 6 Banks that Joseph Stilwell Loves The activist investor's 13F spells out his latest purchases. 17) WHEELER REAL ESTATE INVESTMENT TRUST, INC. (Name of Issuer) Common Stock, par value $0.01 per share (Title … He's been investing in community banks with great success since the early 1990s. We give you the access and tools to invest like a Wall Street money manager – at a Main Street price. The media have paid lots of attention recently to second-quarter 13F filings from "rock stars" like Warren Buffett and Carl Icahn, but I find it more valuable to see what smaller bank activists like Joseph Stilwell are doing. They hold $237 million in assets under management as of March 27, 2017. For example, let's assume that an MHC that has 10 million shares -- four million shares outstanding and six million that the MHC hangs on to -- and $100 million of equity. You must have a subscription to view WhaleScore histories. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. All text and design is copyright © 2020 225 Liberty Street, 27th Floor, New York, NY 10281. Read their It was founded in 03/2012. You are limited to the prior 8 quarters of 13F filings. the MV of securities sold, whichever is less, After all, the average small bank is selling for around 1.3x book value these days. Stilwell Value is a hedge fund with 5 clients and discretionary assets under management (AUM) of $230,596,231 (Form ADV from 2020-03-25). This will schedule a job to export all requested 13f holdings data for this filer. Please contact customer support to let us know. Stilwell Value's largest holding is OFG Bancorp with shares held of 1,739,798. HopFed Bancorp A larger bank that Stilwill bought during the second quarter is HopFed Bancorp (HFBC) , which has 18 branches in Kentucky and Tennessee. However, if no rating change occurs, the data on this page does not update. Stilwell's fund owns 9.4% of the bank, and the activist sent a letter to shareholders in May that said he "believes our bank's management has been unfaithful to shareholders. When completed, an email will be sent to the email address you specify These are banks that have taken the first step toward converting to 100% stockholder-owned institutions by selling initial shares to the public even though the MHC retains a majority of the bank's stock. [2]: ...or to simply have an email sent to you whenever we receive a new In addition to our principal investment activities, Stilwell also provides expert advisory services to select clients in a variety of situations. Whalewisdom has at least 24 13F filings, and 1 13D filings, ***Log In or Get an email alert each time I write an article for Real Money. In no event shall be liable to any member, guest or third party for any damages of any kind arising out of the use of any content available on, or relating to the use of, or inability to use, or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. After all, a 2014 Sterne Agee study and my own research have found that community-bank stocks typically enjoy tremendous excess returns after activists take positions in them. [1]: Please. Thank you for your cooperation. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. for Q2 2020: Percentage of assets under management,Performance-based fees, CHIEF COMPLIANCE OFFICER & SHAREHOLDER (COMMON). ETF data provided by Lipper. 13F filing from Stilwell Value LLC, enter your If you have questions, please contact us. We're sorry. Their last reported 13F filing for Q2 2020 included $94,323,000 in managed 13F securities and a top 10 holdings concentration of 79.36%. Contrary to many TV talking heads , I do not have ... Puerto Rico Oversight, Management and Economic Stability Act, New York Community Bancorp's Charts Have Not Bottomed Yet, I'm Going for Broker -- and Adding This Financial Services Stock, Ant Group's Pending IPO Already Moving Markets, Picking My Spots to Invest My Stash of Cash; Here Are 2 of Them, You Might Not Like What's in the Cards for American Express. Companies in the Stilwell Joseph portfolio as of the December 2014 quarterly 13F filing. But you can do a little homework and read Stilwell's 13F yourself to check them out. The documents for the purchase of Gans’ Plaza Hotel condo show that Joe Stilwell is the “wealthy hedge-fund investor” who “poured $3.2 million into Gans’ Plaza Hotel abode. Performance Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month. • Investment Advisor The three MHCs that he recently bought into are all way too small to mention here on Real Money, where we don't like to focus on stocks with less than $100 million in market capitalization due to their volatility. HFBC currently trades for just 87% of book value, so the potential upside is enormous if Stilwell successfully pushes for a sale. LPLA is the largest independent broker-dealer in America, and here's how to play it. Mutual fund data provided by Valueline. Dow Jones industrial average component American Express is looking lower. Thank you, your email to has been sent successfully. TheStreet Ratings updates stock ratings daily. Kala Pharmaceuticals and Enova International are two companies that have better prospects than the market is pricing in at present. Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter. Latest statistics and disclosures from Stilwell Joseph's latest quarterly 13F-HR filing: Positions held by Joseph Stilwell consolidated in one spreadsheet with up to 7 years of data, Companies in the Stilwell Joseph portfolio as of the December 2014 quarterly 13F filing, SEC 13F filings are viewable for Stilwell Joseph going back to 2011, Javascript is disabled or is not supported by your browser. “The group thrived on wealthier devotees. • Hedge Fund Stilwell Value LLC is a hedge fund based in New York, NY. The information on this site is not intended to be, nor does it constitute, investment advice or recommendations. But when the MHC takes a second step and sells the rest of the stock to the public, that often unlocks plenty of value and current shareholders see big gains. Instead, HFBC management performs poorly and the board egregiously overpays them year after year!". How do I update this listing? Court documents confirm Joe Stilwell was the cult member in this 2012 legal spat with Charles Ward. The SEC has said in legal documents that it is investigating whether the funds "accurately disclosed the existence and true terms of [and] potential conflicts of interest created by" inter-fund loans, dating back to 2003. The new federal Puerto Rico Oversight, Management and Economic Stability Act has helped clear up the outlook for both banks, and if we see some improvement in the Puerto Rican economy, they could trade closer to book value.

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